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10th Malaysia Plan (2011-2015)
1. The Malaysian Prime Minister yesterday, 10th June 2010, tabled in Parliament the 10th Malaysia.
2. The 10th Plan, covering the period between 2011 and 2015, aims to transform Malaysia towards becoming a high-income and high productivity economy.
3. According to the Plan the per capita income is targeted to increase to RM 38,845 in 2015 (RM 26,420 in 2010) on the basis that real GDP grows at a rate of 6% per annum. Unemployment rate is expected to be at 3.1% in 2015.
4. A sum of RM 230 billion has been allocated for development under the 10th Plan.
5. The breakdown (%) of the RM 230 billion is as follows:
- General administration 5%,
- Security 10%,
- Social 30%,
- Economy 55%.
6. There are 5 strategic trusts namely;
- Designing government philosophy and approach to transform Malaysia through the National Key Results Areas,
- Creating a conducive environment for unleashing economic growth,
- Moving towards inclusive socio-economic development,
- Developing and retaining a 1st World talent base, and
- Building an environment that enhances quality of life.
7. To generate high income for Malaysia, the government has identified 12 National Key Economic Areas (NKEAs) namely oil and gas, palm oil, financial services, wholesale and retail, tourism, ICT, education services, electrical and electronic, business services, private healthcare, agriculture and Greater Kuala Lumpur.
8. Read the 10th Malaysia Plan documents here
9. Read the Prime Minister's speech on the 10th Malaysia Plan here
